Mr. and Mrs. Green would like to transfer their family business to their son. However, their son does not have the required funds to purchase the company at this time. Which of the following can Mr. and Mrs. Green chose to do in order to make the transfer possible without any immediate tax effects to themselves?
A) They can reorganization their share capital.
B) They can choose to do a wind-up.
C) They can sell their shares to their son.
D) They can choose to amalgamate the company.
Correct Answer:
Verified
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